DUSHANBE, Tajikistan, June 8. The Eurasian Fund for Stabilization and Development (EFSD) forecasts Tajikistan's inflation to reach 5.6 percent by the end of 2024, Trend reports.
The fund anticipates that it will remain close to 6 percent in the years 2025–2026. These trends will be supported by balanced growth in monetary aggregates, the increase in Urals crude oil prices in 2024, and the stability of prices for key raw materials and food imports in the years 2025–2026, according to the EFSD.
The fund also notes that inflation slowed to 3.8 percent year-on-year in December 2023 (compared to 4.2 percent in 2022) due to reduced external inflationary pressures, stable somoni exchange rates, and a decrease in the money supply.
The most significant contribution to slowing inflation came from food products, thanks to a good harvest of agricultural crops and a decrease in global food and energy prices.
In 2023, the growth in prices for food products slowed from 5.2 to 3.4 percent year-on-year, and for services, it decreased from 1.9 to 1.2 percent. However, the growth in prices for non-food products accelerated from 4 to 6.6 percent during the same period.